SORA—Finally a project aimed at promoting economic expansion?
In order to advance a variety of industries, including finance, agriculture, power, health, education, etc, one or more cryptocurrency initiatives have been launched.
It is clear that blockchain technology and cryptocurrencies have a wealth of unrealized potential, it is not surprising that new initiatives with distinctive visions and objectives are being introduced on a daily basis.
Could the economy benefit from this innovation? The SORA group concurs. This they aim to achieve by giving producers a sizeable amount of funding, from minted XOR tokens.
By doing so, the SORA team anticipates economic growth by supporting the production of goods and services, which will advance technology and human development and enhance all aspects of our life.
The SORA community aims to provide financial inclusion for everyone by putting its native token XOR at the centre of everything it sets out to do.
Do you believe this will result in a new world economic structure?
There is already a significant shift from the traditional and conventional ways of doing things since the birth of blockchain technology and cryptocurrency. Although some of this projects have failed to deliver on their mandate but many on the other hand have lived up to expectation. Projects aimed to revolutionize the financial institution, education, agriculture e t c will definitely have a great ride and wide spread adoption. Let's hope SORA team is able to see through the wonderful initiative they already Kickstarted.
I agree with you and also the utility of blockchain in the business world is seeking to bridge the gap between the small scale businesses and large scale ones. This is truely a welcome innovation and I'm looking forward to exploring it beyond it's market value
You know, this is the first time a blockchain-based project has reached out to a nation offering financial support for its country in a collaborative way. Unlike Bitcoin adoption in El Salvador, where the government introduced a cryptocurrency that functions as a foreign currency outside of their control, the introduction of XOR is going to benefit the Sri Lankan people and beyond through governance processes that allow fund allocations to enable productive economic output, leading to sustained and impactful economic growth. This allows XOR to be treated as a domestic currency but with clear and transparent democratic oversight by token holders to prevent corruption and misallocation, I'm sure it will deliver.
I think it will seeing the momentum is garnering via top tier Exchanges listings say Bitget trading platform, gate among others.